United-Guardian, Inc. (NASDAQ:UG) Raises Dividend to $0.35 Per Share

United-Guardian, Inc. (NASDAQ:UG) declared a Semi-Annual dividend on Wednesday, July 10th, Zacks reports. Shareholders of record on Tuesday, July 23rd will be paid a dividend of 0.35 per share on Wednesday, July 31st. This represents a dividend yield of 6.1%. The ex-dividend date is Tuesday, July 23rd. This is a positive change from United-Guardian’s previous Semi-Annual dividend of $0.10.

United-Guardian has decreased its dividend by an average of 49.6% per year over the last three years.

United-Guardian Stock Performance

UG stock opened at $11.90 on Friday. The business has a fifty day simple moving average of $9.44 and a 200-day simple moving average of $8.51. United-Guardian has a 52 week low of $5.79 and a 52 week high of $12.24.

United-Guardian (NASDAQ:UG) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $3.26 million during the quarter. United-Guardian had a return on equity of 25.18% and a net margin of 23.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of United-Guardian in a report on Wednesday. They issued a “buy” rating on the stock.

About United-Guardian

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.